ASR3.DE vs. EMIM.L
ASR3.DE (BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF) and EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - ASR3.DE is a European Corporate Bonds fund tracking the Bloomberg MSCI 1-3Y Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB, while EMIM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, ASR3.DE returned 1.32%/yr vs 8.91%/yr for EMIM.L. At a 0.20 correlation, their price movements are largely independent. ASR3.DE charges 0.20%/yr vs 0.18%/yr for EMIM.L.
Performance
ASR3.DE vs. EMIM.L - Performance Comparison
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Different Trading Currencies
ASR3.DE is traded in EUR, while EMIM.L is traded in GBp. To make them comparable, the EMIM.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ASR3.DE achieves a 0.52% return, which is significantly lower than EMIM.L's 27.06% return.
ASR3.DE
- 1D
- 0.21%
- 1M
- 0.57%
- YTD
- 0.52%
- 6M
- 0.54%
- 1Y
- 1.79%
- 3Y*
- 3.90%
- 5Y*
- 1.32%
- 10Y*
- —
EMIM.L
- 1D
- 0.00%
- 1M
- 6.79%
- YTD
- 27.06%
- 6M
- 29.52%
- 1Y
- 48.92%
- 3Y*
- 20.51%
- 5Y*
- 8.91%
- 10Y*
- 10.18%
ASR3.DE vs. EMIM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ASR3.DE BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF | 0.52% | 2.90% | 4.41% | 4.76% | -5.36% | -0.22% | 0.46% | 0.11% |
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 25.33% | 16.91% | 14.45% | 7.15% | -14.80% | 7.30% | 8.67% | 5.56% |
Correlation
The correlation between ASR3.DE and EMIM.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2019 | 0.20 |
The correlation between ASR3.DE and EMIM.L shifts across timeframes, from 0.16 (5 years) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ASR3.DE vs. EMIM.L — Risk / Return Rank
ASR3.DE
EMIM.L
ASR3.DE vs. EMIM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF (ASR3.DE) and iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ASR3.DE | EMIM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.52 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 4.57 | -3.28 |
| Martin ratioReturn relative to average drawdown | 4.87 | 16.60 | -11.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ASR3.DE | EMIM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 2.80 | -1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.55 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.44 | +0.04 |
Drawdowns
ASR3.DE vs. EMIM.L - Drawdown Comparison
The maximum ASR3.DE drawdown since its inception was -6.86%, smaller than the maximum EMIM.L drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for ASR3.DE and EMIM.L.
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Drawdown Indicators
| ASR3.DE | EMIM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.86% | -34.80% | +27.94% |
Max Drawdown (1Y)Largest decline over 1 year | -1.38% | -10.65% | +9.27% |
Max Drawdown (3Y)Largest decline over 3 years | -1.38% | -17.95% | +16.57% |
Max Drawdown (5Y)Largest decline over 5 years | -6.86% | -22.35% | +15.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.44% | — |
Current DrawdownCurrent decline from peak | -0.08% | -1.20% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -1.54% | -9.31% | +7.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 2.94% | -2.57% |
Volatility
ASR3.DE vs. EMIM.L - Volatility Comparison
The current volatility for BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF (ASR3.DE) is 0.56%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a volatility of 6.95%. This indicates that ASR3.DE experiences smaller price fluctuations and is considered to be less risky than EMIM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASR3.DE | EMIM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 6.95% | -6.39% |
Volatility (6M)Calculated over the trailing 6-month period | 1.55% | 14.42% | -12.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.78% | 17.37% | -15.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.09% | 16.32% | -14.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.26% | 18.14% | -15.88% |
ASR3.DE vs. EMIM.L - Expense Ratio Comparison
ASR3.DE has a 0.20% expense ratio, which is higher than EMIM.L's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ASR3.DE vs. EMIM.L - Dividend Comparison
ASR3.DE's dividend yield for the trailing twelve months is around 1.98%, while EMIM.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ASR3.DE BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF | 1.98% | 2.97% | 3.58% | 0.93% | 1.02% | 0.50% |
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ASR3.DE and EMIM.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMIM.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMIM.L is cheaper with a 0.18% expense ratio, compared with 0.20% for ASR3.DE.
ASR3.DE is categorized as European Corporate Bonds, while EMIM.L is Emerging Markets Equities. ASR3.DE tracks Bloomberg MSCI 1-3Y Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB, while EMIM.L tracks MSCI EM NR USD. They also come from different issuers: BNP Paribas and iShares. Their fees differ too: 0.20% for ASR3.DE and 0.18% for EMIM.L.
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